Separator

Glamplus Raises $ 700 Thousand in a Pre-Series Round

Separator

Glamplus raises $ 700 thousand in a Pre-Series round led by Blume Ventures with the participation from existing investors, IPV. The funds raised will be utilized in vertical tech SAAS capabilities along with expansion of B2B marketplace business obtain 10,000 partners and monthly revenues of INR five crore per month by March this year.

Glamplus is a SaaS enabled curated B2B marketplace which enables medium and small salons/spas to adopt technology and grow their businesses digitally. The firm has created a one stop platform - salon CRM for managing customers, and an ERP for managing staff as well as enabled B2B marketplace compounded on SAAS platform parallel which enables any type of promotional offers or communication with D2Caudience.

Anirvan Chowdhury, Vice President, Blume Ventures says, “we have a strong thesis on vertical SAAS enabled marketplaces and believe that Glamplus has done a stellar job at solving a lot of friction in the workflow for salons/spas through their SaaS solution, which has enabled them to drive marketplace revenue at a rapid pace. When we met the team around a year back they had only a concept and in the past year they’ve not only built out a solid product but also in the six months since launch, they’ve been able to drive phenomenal growth while maintaining very strong retention numbers! 4000+ salons with 25 lakhs monthly SaaS revenue and 3 crore monthly marketplace GMV in six months with a +ve CM1 is no mean feat, and we are super excited to be part of this journey.”

Glamplus has an AI based CRM platform, which enables salon or spa owners to manage their operations and services end to end through an online web or android mobile app. This has helped improve the overall salon experience for their customers and staff. The platform also allows to premiumize the salon owner’s offering through B2B2C interaction to the end customer and also integrates scheduling appointments, generating digital invoices, while offering promotional offers through Bulk SMS/Whatsapp and loyalty schemes for customers. The salon owner can track the efficiency of the stylists, monitor revenue generation on daily, weekly and monthly basis, inventory management of products and services offered by the salon.

New Funds will be utilised in enhancing tech capabilities, going deep in marketplace segment and driving growth along with efficiency. Our solution will create a complete digital ecosystem for salons and spas and help transform their lives

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “with the rise in disposable income and more women joining workforce in tier 1cities, beauty and wellness services have witnessed an upsurge. People are now more conscious about their appearance and are willing to spend. To cater to this rising need more efficiently, Glamplus has created an end-to-end B2B2C solution for salons, spa and gyms which will help them to run their operations smoothly. Since January 2021, the company has successfully tied up with 4000 partners and plans to grow faster in the coming year. The fast pace growth trajectory clearly shows the need of this solution in the emerging market and IPV looks forward to extend their support in their journey.”

Divyanshu Singh, Co-Founder &CEO, Glamplus says, “salon/spa beauty industry is highly fragmented despite presence of more than million plus salons in the country. We were clearly determined and destined to solve for this highly undeserved SMB market and creating moat around it by going vertically deep, has also been recognized by our marquee investors. New Funds will be utilised in enhancing tech capabilities, going deep in marketplace segment and driving growth along with efficiency. Our solution will create a complete digital ecosystem for salons and spas and help transform their lives.”

Current Issue
Blue Dart: Technology Led Transformation Towards A 'Less - Contact' Society